Stocks in the news: Wipro, Tata Steel, Hero Moto, Yes Bank and Indian Hotels


Nifty futures on the Singapore Exchange traded 85.5 points, or 0.47 per cent lower at 17,710.5, signaling that Dalal Street was headed for a negative start on Wednesday. Here are a dozen stocks which may buzz the most in today’s trade:

Wipro: The IT services company, and UK-based Finastra announced a partnership in India to power digital transformation for corporate banks in India. This multi-year partnership makes Wipro the exclusive implementation and go-to-market partner for all banks in India for Finastra’s Fusion Trade Innovation and Fusion Corporate Channels.


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The two-wheeler major said it has joined hands with

to set up charging infrastructure for electric two-wheelers in the country. The two companies will first establish charging infrastructure at Hindustan Petroleum Corporation’s (HPCL) existing network of stations.

: The steel maker has raised Rs 2,000 crore through NCDs issue as the board of directors has approved the allotment of 20,000 non-convertible debentures with face value Rs 10 lakh each to identified investors on private placement basis. The NCDs are proposed to be listed on the Wholesale Debt Market (WDM) segment of BSE.

: The private lender said its board has approved the sale of stressed assets worth around Rs 48,000 crore to JC Flowers ARC, which has turned out to be the sole bidder for the portfolio. The US-based asset reconstruction company had in July this year emerged as the base bidder for the proposed sale of the identified stressed loan book of Yes Bank.

Company: The hospitality group signed its second hotel in Dharamshala, Himachal Pradesh under the SeleQtions brand. A franchised hotel in management with Sohum Hotels and Resorts, the operational hotel will be rebranded under the IHCL SeleQtions brand.

: The drug maker said it has launched anti-cancer drug Lenalidomide capsules in the US market. The Ahmedabad-based company has launched its generic product after getting approval from the US Food and Drug Administration (USFDA).

ITI: The state run telecom equipment maker said the board of directors will meet on September 28 to consider allotment of equity shares to the President of India. The government will infuse funds in the company as per revival package.

: The budget carrier said it has asked 80 of its pilots to go on a three-month leave without pay. The move is a temporary measure to rationalise cost. The pilots who have been forced to go on leave without pay are from the airline’s Boeing and Bombardier fleet.


NBCC (India):
The state run construction company said it has secured the total business of Rs 274.77 crore during August, in an exchange filing over its monthly business update.

: The Reserve Bank has declined recently listed private lender’s recommendation to appoint B Vijayadurai as part time non-executive chairman. The bank had on August 20 recommended to the RBI for appointment of B Vijayadurai as part time non-executive chairman.

: An individual on Tuesday sold 3.38 per cent stake in pesticide and agrochemical firm at for over Rs 98.44 crore through open market transactions as per the bulk deal data. Quant Mutual Fund picked up 5 lakh shares of the company on both NSE and BSE. Other buyers were not identified.

: Mahindra & Mahindra said it will acquire an additional 17.41 per cent stake in the diesel engine maker from

(KIL) for Rs 296 crore. The acquisition will result in increasing the company’s stake in Swaraj Enginesto 52.13 per cent from 34.72 per cent.

: Pramod Kumar Jaiswal has tendered his resignation as Chief Financial Officer of the plastic products company due to personal reasons. Jaiswal will continue to hold his current position of CFO until October 31, 2022.

: The metal products company has announced resignation of RN Maloo as Chief Financial Officer. The company has relieved Maloo from his duties with effect from September 20.

: The explosives maker has received order for warheads manufacturing from Israel Aerospace Industries (IAI), worth around Rs 4.27 crore and ordered items are expected to be delivered by May 2023. The company also received order worth Rs 5.47 crore for production and supply of booster rocket motors.

Lykis: Seasoned investor Vijay Kishanlal Kedia has offloaded 3.9 lakh equity shares or 2.02 per cent stake in the company via open market transactions. With this, his shareholding in the company reduced to 3.95 per cent, down from 5.97 per cent earlier.

: The castings and forgings company has received the tender for supply of railway wheel to Railway Department of wheel monobloc- rolled, in its favor. It already supplied two consignments of wheels & became one of the suppliers of this railway wheel requirement of Indian government.



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